This paper estimattes the impact of unemployment on subsequent earnings for a large and repesentative sample of British …-engagement largely eroding over two years. The effect of unemployment duration is permanent, a one-year spell adding a further 10 … % penalty. These penalties are least for young men and the low paid- those most at risk of unemployment- and greatest for prime …

unemployment, U, are bads. This paper provides some of the first formal evidence for such an approach. It issues data on the …

The paper develops an efficiency-wage model where input prices affect the equlibrium rate of unemployment. We show that … main post-war movements in the rate of U.S. joblessnss. The equations do well in forecasting unemployment many out …